Industrial / Cannabis Loan
- RATE: 8.50%
- TERM: 3 YEARS
- LTV: 45%
- GUARANTY: RECOURSE
MBP closed on a loan for an industrial building with a cannabis tenant and owner-occupied component in Gardena, CA. With 35% of tenancy leased to an up-and-coming cannabis grower, MBP leveraged its capital relationships and procure a low-leverage, cash-out refinance that was not subject to an appraisal. The lender was comfortable with sponsor’s historical ownership of the asset, mobilized quickly, and provided the borrowers with a smooth closing that had competitive pricing considering the unique nature of the tenancy.
MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.
MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.
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Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.